patio

John Paulson, Proud Short

But, but, stocks and house prices should always go up, over time. Don't you get CNBC?


On Jan 07 04:56 PM Smarty_Pants wrote:

> "Left unexamined is the uncomfortable moral dimension of Paulson's
> achievement. If he saw all of this coming, was it right for him to
> keep his own counsel, quietly trading while the financial system
> melted down?"
>
> If your neighbor buys a new luxury car for $100,000 and you find
> the exact same make and model and buy it for $80,000, should you
> feel guilty for not giving your neighbor $10,000?
>
> Hell no! Whatever happened to caveat emptor?
>
> If I'm too dense to avoid losing my money, despite the existence
> of several pundits who WERE warning of the horrors just ahead in
> public and on the internet, then I should be the one who suffers
> for my ignorance or laziness.
>
> It's about time our country reverted to the old-time tradition of
> being responsible for your own choices and actions again. Make a
> good choice and reap the gains, make a bad choice and suffer the
> consequences. Period.
>
> The kum-by-yah stuff isn't providing any incentive to TRY to avoid
> such mistakes. Quite the opposite actually.
>
> Mr. Weiss should have his wrist slapped for even asking the question.
> Since he came to the right conclusion the slap should be a light
> one.